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Your son left money on the table! CTXR is gaining momentum! How low did he sell for? I've been a shareholder/investor for 2 1/2 years and holding some $.87/shares, some a bit higher. I wouldn't dare trade this or sell CTXR so quickly unless desperate for money. $6 - $8/share as soon as I/Ontak and Mino-Lok hit their next milestones later this year. Get back in before the FOMO begins.
CTXR....up 14% today....
..stock moves every December.....breaking out!
Phases of clinical trials?
This article has been posted numerous times and has been bought and sold into the PPS numerous times over the last three months. I'm a shareholder but the lack of any news can't be replaced with an old story written months ago. If this CEO is making $110K/month then he should file financials and 8K's showing the progress. In my opinion the guy is either incompetent or lazy or constantly getting high on his own supply.
Sounds like a great niche business to be in if the owner can build upon any past or future success. Did he mention why he "regrets going public" as mentioned in a recent article? I truly believe based on what the specific Colorado law is of the need to "smoke in one's home" versus in public; a recreational B&B with all the typical amenities plus the variety of weed factor would work and create a niche market. Hence the franchise licensing idea.
I live in VA where it's not legal. Smoked it for years in my 20's and 30's. My wife and I would love a trip to CO but we don't have family and friends there or CA or any of the other legal states. What would be our alternative? A B&B catering to our desire to try it again in a comfortable and legal setting.
What a good Samaritan you are! Telling folks to stay away from MJMJ; that's honorable! "I highly advise against investing here. I know a lot of dirt about this company. Silverthorne isn't seasonal, it's closed. Joel didn't pay his royalty payments and the owners evicted him"
What you don't add are your huge losses and obvious bitterness!
Take a long hard look in the mirror and you just might see another Joel!
Obviously some huge volume today. Weird trading dynamics going on here!
Hedge Fund employee working to maintain the naked short sales or failed to deliver MJMJ shares. The last time I posted this theory the post was taken down. I think MJMJ'S PPS was naked shorted to the point where their share structure needed to increase substantially. The capitol required on such a low PPS as planned by the business model required the sales of many shares. Less shares would have needed to enter the OS if the PPS were higher. Those hedgies who NSS companies, need them bankrupt or out of business so they never need to cover those FTD'S. I think this is why the CEO regrets going public. His company has been under attack!
Facts are facts. I'm not trying to convince anyone to buy or sell or hold MJMJ. Unlike others here I've learned to accept losses and embrace gains and not to blame others for my own decisions. Those who bought this stock above a penny need to learn some DD skills.
Yes this CEO seems to be playing games or is under performing. On the other hand I'm not quoting the resident bears but it's taking a while to release the bulls.
Yes, 100mm-250mm. My bad!
Holding surprisingly well at low volume relative to share structure. My guess is it will a 150K-250K traded shares to move it up.
Why would any intelligent and rationally-minded human being constantly visit a stock blog and post about issues when they obviously have zero interest in the stock, company or CEO?
Is my grammar good enough this time? Wow!
Ok! I'll buy additional shares tomorrow. You see OTC market gains are rarely based on business fundamentals. As soon as others figure that out the sooner they will realize the doom and gloom fear messages are ludicrous to their audiences. Just ask yourself "what caused the PPS to retrace from no bid to a recent high of .0005? It obviously hasn't been the CEO'S or company's proven performance per all the doom and gloom suggests.
In addition, the media has an agenda! MMJ has many positive effects on those with serious illnesses and other people's live. The MJ rec industry is less dangerous than the alcohol industry. Any other attitudes are either closed minded, inexperienced with Marijuana or don't understand the scientific analysis. The feds have nothing more than a selfish agenda. Billions, if not trillions of dollars have gone into the "war on drugs" or the "Just say no" campaigns. All for what; the current resurgence of heroin or other opioids. The feds have done little to remove addiction from the USA and people's lives. Going after the states who are doing well with MJ legalization want hold water.
3's and 4's until the company provides a catalyst. Trump and the rest of them would be foolish to interfere with legalized MJ/MMJ states. The sector will be creating more jobs than manufacturing . 5 out of 7 people feel MJ/MMJ should be legalized. Baby boomers make up a majority portion of the population and we all grew up with it, smoked it at some point and know quite a bit about it. If Trump doesn't want the majority of his voters to turn a cheek on his current and future agenda(s) then leaving the MJ/MMJ laws in the states domain is in his best interest. Otherwise he will gain additional enemies.
All I see is selling! I'll be calling a spade a spade since I don't flip and I don't need nickels and dimes to buy my groceries. I question what catalyst will break this out of these levels? Based on the share structure the volume would need to be huge and it has been but not today! At least not yet.
LOL! Let's all use proper grammar just for the bear's sake. Dang these Android word spellers git me every time. On the other hand they need to sound smart about something because it isn't their trading.
Same basis you and the other MJMJ bears have about MJMJ. This logic of "if a CEO fails at the first attempt then they are destined to always fail" is ludicrous. It's like everyone has a crystal ball and can predict MJMJ'S future whether a bull or a bear. Simply put, the PPS has moved from no bid to an ask as high as a recent .0005 and regardless of the companies history or future. If a knowledgeable OTC trader and/or gambler knows how to play it; nothing and I mean nothing else matters! Who gives a rats arse about the companies history! That trader is making money and maybe more money than the CEO will ever make running the business. That's the OTC!
Rhetorical question but why is this still .0002-.0003? Should be .0003-.0004!
The buy volume should have moved this up by now. Whatever happened to that theory that "buy volume should equal sell volume"? I highly doubt there have been sells at the ask. These are all buys and the MM'S are holding back. I cancelled my L2 subscription so I question how many 3's are left.
Seems to take much less selling to bring the spread down than it does buying volume which needs to be large for the spread to move up. I watch this daily and something is up!
Looking at the daily trades chart most of this week, I see more trades at the ask than at the bid which in my opinion are buy orders. Without spending more time on this I assume the accum/dist chart is verifying accumulation.
I agree. Shorters could be threatened into taking new positions by recent long positions and trades on the ask. Little borrowing going on.
Maybe the following explanation will help you understand why a higher buy/sell volume at the "ask" is more beneficial than a higher buy/sell volume at the bid:
More Buyers or Sellers
When a market is experiencing more buying volume than selling volume it means that there are more traders buying at the ask price, which has a tendency to push the price up.
When a market is experiencing more selling volume than buying volume it means that there are more traders selling at the bid price, which has a tendency to push the price down.
However, the number of buyers and sellers can change at any moment (and often changes many times even in short time frames), and this is what causes the markets to move in upward and downward waves rather than only in one direction.
Final World on Buying and Selling Volume
Volume is the number of contracts, shares or lots that change hands over a specified time period. Buying volume is the number of contracts that change hands at the ask (offer) price. Selling volume is the number of contracts that change hands at the bid price. Changes in volume, and whether more transactions are occurring at the bid or offer, give traders short-term indications of where the price could go next. Unfortunately, who is buying and selling, and where, is in constant flux. Therefore, volume tells you quite a bit about the market, but it is just one tool, and shouldn't be relied upon in isolation to make trading decisions.
Thanks for posting the "time and sales" chart. Saved me some time.
Buy volume exceeded sell volume today.
In my opinion, just one PR on any new developments and MJMJ will run.
The CNBC article claims properties are owned and the CEO is seeking franchise agreements. Whether Joel has a unique enough business model/opportunity to attract and franchise is yet to be seen. Others are claiming the properties aren't owned and there is only one "lease" left. Financials haven't been filed for a year so how do those know for sure what's changed and what hasn't changed in the companies operations? I'm a new shareholder and will put my money on the company improving and growing and/or MJ/MMJ hype to ensue. In the meantime I'm a 9-5 Mechanical Engineering Manager with a $140K/year salary and full benefits.
It would be nice to have the truth and know MJMJ was doing well. On the other hand I don't give a rats ass what the companies state of affairs might be because MJ/MMJ hype alone can move the PPS. I'm in the green and it's fun to roll the dice sometimes without all the airline BS it takes to get to Vegas.
The only reason I mention my 9-5 income is to show I can be biased without the desperation of a day trader's mentality.
As I put it "it's a good story". That story increased the PPS from .0001 to a high of .0006. 5X the money; enough said.
Joel could continue to fail miserably and continue to give a rat's arse about shareholders. He could also be tiring of the business and want to sell the idea to others. Hence the idea of a franchise or planting that idea into a future owner of the business. Who knows what will happen but I've witnessed the MJ/MMJ hype at it's best and though it is a gamble, one can profit handsomely with some patience and know-how. I never thought this stock would get off a no-bid or trip 1's but it has. A .0001 buy order to a .0005 sell order is 5X the money. Nice profit in a short few weeks. In my opinion that's the mindset here. Another risk is how long those buying in the .0001's through .000X'S will hold those positions? Will they hold into the .00X'S or .0X's and will the PPS ever hit those levels because I've seen it before or will the PPS experience that infamous "falling knife"? One sold franchise license/agreement will make this stock run. It might be temporary, exaggerated and for no other reason but "hype", but profits will be made.
How many OTC stocks are profitable? Very few! The market is forward thinking. Though your point is well taken; these trip zero stocks don't trade on business fundamentals most of the time. Do you really think this stock would be in the trip zeros if MJMJ was profitable? Your writing posts to gamblers who will bet on the MJ/MMJ hype and the run that might/will pursue that hype. That's all it is! Another stock I owned GRC* was reversed merged from TTDZ. That MJ stock ran from .002 to an intraday high of .049 on nothing but an MJ industry insider named Robert Calkin(look him up) being announced as new CEO. Calkin resigned shortly after a year, the stock eventually reverse split and has never recovered to pre-R/S levels. Those who sold at the peak profited in a big way. I can never understand why lurkers who are obviously reading about OTC stocks will post the idea of "investing" for "business performance and fundamentals". Those posts belong on the Nasdaq, AMEX and DOW sites. I am not trading this stock on the basis of success but the idea of a "Bud and Breakfast" hospitality business is definitely a "good story" that will catch some eyes.
56,100,000 sell lot? LOL!
Slow as she goes. One tick at a time. There are shareholders who bought into MJMJ at much higher levels and will post accordingly. Professionals will tell investors to "invest in a good story". Bud and Breakfast Inns or resorts or hotels reads like a "good story" to many looking at the MJ/MMJ sector. A companies past doesn't dictate or foretell it's future success.
Lots of EOD buying!
Buy volume outpacing sell volume!
I believe you but I question the mentality of these OTC MJ/MMJ shareholders. As though Sessions nomination is instantly going to reverse any short term prospects for a MJ/MMJ company and its pertinent OTC stock. Especially MJMJ who cater to the recreational user in legal states. I doubt Sessions will involve himself in those states at the federal level. It's not as though those who play these OTC stocks are buying them for the long term anyways and would fear the long term outcome of a Sessions nomination. Then there will be these sack less types who sell at the blink of an eye. I really get a kick out of the OTC mindset sometimes. Why would a Sessions nomination become a sell signal for OTC MJ/MMJ stocks?
All companies try to raise capitol one way or another. If anything else the franchise membership fees and other interests in the new business model should eliminate the need for dilution. I'm thinking the CEO might want to avoid dilution. He obviously never wanted to raise capitol using public methods to begin with.